Benchmark Electronics Inc reports results for the quarter ended in March - Earnings Summary

Benchmark Electronics

02/05/2024 10:24

* Benchmark Electronics Inc  BHE.N  reported quarterly
adjusted
earnings of 55 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 42 cents.  The mean expectation of four analysts
for the quarter was for earnings of 46 cents per share. Wall
Street expected results to range from 45 cents to 47 cents per
share.
    * Revenue fell 2.8% to $675.58 million from a year ago;
analysts
expected $645.00 million. 
    * Benchmark Electronics Inc's reported EPS for the quarter
was 38
cents​.
    * The company reported quarterly net income of $14 million.
    * Benchmark Electronics Inc shares had risen by 0.9% this
quarter and gained 9.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Benchmark
Electronics Inc is $32.00 
This summary was machine generated from LSEG data May 2 at 09:24
a.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.46           0.55           Beat
 Dec. 31 2023      0.56           0.58           Beat
 Sep. 30 2023      0.52           0.57           Beat
 Jun. 30 2023      0.47           0.48           Beat